Hilton

The Trump family is launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an enterprise whose owner sits in the Oval Office.

The word “grand” matched few hotels in the world better than New York City’s Waldorf Astoria, but this bastion of gilded splendor is now closing for two to three years for a transformative makeover.

Iconic Waldorf Astoria Hotel will close for two to three years to a complete renovation.